Dechert Advises KKR on Take-Private Acquisition of mdf commerce

Dechert advised KKR, a leading global investment firm, on its recent acquisition of mdf commerce, a SaaS leader in digital commerce technologies, in an all-cash transaction. The transaction completed on Friday, May 17, has resulted in mdf commerce becoming a privately held entity under the ownership of funds managed by KKR.

Serving over 6,500 government agencies and 650,000+ suppliers in the US and Canada, mdf commerce's North American eProcurement platform provides a strong foundation for a leading government software platform. KKR will support mdf with accelerating their expansion, scaling their industry-leading platform even further, and establishing an equity ownership program for all employees. 

The Dechert team advising KKR included corporate partners Ken Young, Jonathan Stott, and Stephanie Haas; global finance partner Soo-ah Nah; and tax partner David Passey.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.